Generally using a non conforming contract is a bigger risk if you are a seller than if you are a buyer.

If you're using a gc he should be paying subs.

If you go to the tax rolls and see that the majority of improved properties in your neighborhood have the land assessed at 25% of the total property assessment valuation, then you should be safe in using a 75% ratio in calculating the depreciation basis for your dwelling structure.

This question relates to the timing of purchasing a primary residence and investment property.I've been thinking of buying a multi unit as a primary residence using a conventional FHA loan (with 3% down) and live in that until I can save enough cash to buy an investment property.

If it's close(gross), stability counts...How long on job/Good rental history..Stability weak, can be a consistent problem...Also consider using a guarantor..I will if tenant seems like a good fit..you choose, but cover your basis..

And I saw the potential for the biz and started working towards that goal using a HELOC from our home as capital.

It would be a little disappointing to not get anything from using a method that seems to help other people land at least 1 deal a month from 160 letters while I'm sending out 300.

., but a little tedious - and likely expensive - for day-to-day operations; orOpen a joint account with your local agent (for your LLC) - implies a high degree of trust in your agent;If you are using a local property manager, all the operations will be through their (hopefully segregated) account for your property(ies) ... this leaves you the option of a trust account with your solicitor for the big-ticket matters.In all the above, you will need to provide identification and may need to have it notarized in NSW and send directly to the parties in the U.S.A. ... we were asked to do this when opening a U.S.A. account a number of years ago.

Andrew - The only 3 others that come to mind for me are private equity, using a HELOC on your primary residence, or borrowing from your retirement account.

How would this scenario work when the buyer is using a mortgage for the second (BC) sale?